How do I calculate my cost to the company ? what is its significance?

Question

I found a job search website which required me to mention it before applying to a job

Answer 1

I'm not exactly sure what you're asking for, but if you're asking how much the the company spends to employ you (negative cash flow), you need to add up your salary, total benefit package (medical, dental, life, 401(k) match, flex, etc.), and the taxes they pay on your salary. Also add in the normal annual salary raises and any bonuses (monthly, yearly, whatever you get). If you want to get nitpicky, you can also look at the perks like how much coffee and/or water service costs per person, company-paid lunches, etc. Not sure why you're the one doing this though, usually the mgrs or HR will do this and report this to the higher-ups who want to cut costs. They will also add in the cost of worker's comp insurance, liability insurance, etc. for keeping you on the payroll.

The significance is the people watching the bottom line want this info to see if you're a good investment to them. Meaning, in comparison, you make a lot more money for the company than they spend on keeping you/employing you despite rising costs of insurance, your salary raises,etc. In other words, are you worth the cost of keeping you as an employee?